Powered by Edge Home Finance, LLCGrants
Some assistance is offered as a grant that does not need to be repaid when program conditions are met. Grants may have income, purchase price, first-time buyer, education or property requirements.
Different assistance.
A plan that fits you.
Down payment help can come in several forms. We’ll look at your situation and identify which available program may fit your goals and loan options.
Forgivable second mortgages
Some programs provide assistance as a second lien that may be forgiven after the buyer meets occupancy and time requirements. Selling or refinancing early may trigger repayment.
Deferred or repayable assistance
Other programs use a second mortgage with payments deferred until sale, refinance or the end of a term, or require scheduled repayment. Review the interest rate, lien position and repayment event.
Matched savings and other local support
Depending on the borrower and property, assistance may also come through employer, nonprofit, housing agency, community or lender-supported programs. Funding, eligibility, and whether programs can be combined vary.
There is no single program that fits every buyer. Program availability changes, and some lenders do not participate in every assistance program. We’ll look at your income, purchase location, savings, loan type and timeline before discussing a possible fit.
Before relying on assistance, confirm whether it is a grant or loan, what conditions apply, when repayment is due and how it affects the full mortgage payment and closing funds.
LET’S PUT A PLAN TOGETHERYour next move starts
Your next move starts
with a conversation.
Email or text Sam to schedule a call. Include a convenient time and whether you prefer a phone or video meeting.